Management Accounting

What is controlling / management accounting?

What is controlling / management accounting?

Controlling or Managemetn accounting serves as a compass through market changes that helps owners, management and creditors use essential information to cope with market changes, accounting standards, the tax system, legislation and financing policies, all to maximize both business value and profitability.

What does controlling / management accounting allow?

  • Making quality and less risky decisions based on qualitative and quantitative controlling reports
  • Creating a clear picture of your own business
  • Creating a base for financial planning (also plays a decisive role in operational and strategic planning)
  • A different view of the company’s operations – controlling offers the possibility of different presentation of the same costs depending on the needs of interest groups

Implementation of controlling system

alphacapitalis implementation of controlling system - Management Accounting

Who benefits from controlling?


  • Better asset management
  • Tracking return on investment
  • Greater control over assets


  • Defining S.M.A.R.T. goals
  • Strategic and tactical planning
  • More accurate budgeting

Credit institutions

  • Increasing investment security
  • Timely detection of risks
  • Quality reporting

Management accounting and quality management services

Introduction of ISO 9001: 2015

The ISO 9001 quality management system is in use around the world today, and certification of this system is a generally accepted way of proving to a current and potential partner that a product or service will meet its quality requirements. The standard is applicable to all types of organizations:

  • Profit/non-profit
  • Product/service
  • Small/medium/large

Business risk control

Inefficient management can bring enormous damage to the development and progress of society. An effective risk management system is one of the most important instruments of competition protection and enables the identification of opportunities and the timely response to changes.

Corporate reporting

It serves as a basis for timely detection of working capital management problems (e.g. collection of accounts receivables and obsolete inventory), cash management, cost management…

Cash flow management

Cash flow management is a continuous process of planning, analyzing and monitoring cash flows in order to maintain the liquidity and solvency of the company.

Liquidity management is a fundamental task of financial management that provides the necessary funds for the smooth running of business processes. Requires a thorough knowledge of balance sheet categories (especially current assets and liabilities), financial analysis methods and working capital management techniques.

Business planning

A business plan is a written document that contains a thoroughly elaborated analysis of investing in a business, or future business results, and of various solutions for possible future risk situations.

Therefore a business plan is designed to predict future events, to adapt the business to the environment, and to reduce the degree of risk, time and resources.

Cost/benefit analysis

Cost/benefit analysis is a specific financial technique, that is, the computational process resulting from investing in an entrepreneurial or infrastructure venture. On the one hand, all the proceeds and benefits of the venture are summed up, and on the other, all the costs and losses of the venture.

Investment controlling

No matter what the type of investment it is, the planning rules are always the same. It is crucial to identify all the cash flows of the investment and assess the risk of them. Therefore, often quality analysis and good planning are the only difference between a successful and unsuccessful project/company. Investment controlling within each organization should be a link between all involved in the investment process that will enable the successful realization of the project.